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Ray Dalio On Whether The Current "Hopeless, Mob-Rule Deleveraging " Can Lead To The Ascent Of Another "Hitler"
Yesterday we presented the complete must watch Ray Dalio interview and transcript from his Charlie Rose appearance in which he explained how, in his increasingly skeptical view, we are now "out of ammunition" as there are "no more tools in the toolkit." Today, he layers on top of this rather bleak macroeconomic perspective some very disturbing observations, specifically, what the realization of the dead end situation facing monetary and discal authorities means when confronted with a violent (metaphorically) deleveraging, and a violent (quite literal) social mood. In an FT op-ed he writes; "We are in the midst of a deleveraging, we are nearly out of ammunition and we are at each other’s throats. Being in a deleveraging and nearly out of ammunition is a very difficult position to be in. But, being at each other’s throats is our biggest problem." Needless to say this won't be the first time we have found ourselves in such a predicament: one very vivid example from history beckons: "Frustrations increase, the established ways of doing things come under attack and frustrations over the ineffectiveness of government creates the perceived need for someone to gain control of the mess. Plato spoke of this dynamic. It was the reason Hitler was elected in 1933."
Does Dalio predict the advent of another "Hitler" - hardly... But the risks are there, especially since none of the banks have learned any lessons from the past, and no preventative measures have been taken to avoid a repeat of 2008, only this time the entire population is already on edge: "Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged. Since banks are levered about 15 to 1, it doesn’t take much of a debt problem to cause them solvency problems, and since in deleveragings debt problems are big, there is significant risk banks will run out of equity again and the fury against them will intensify. For these reasons risks to the global banking system are much greater than normal."
This lucid explanation of reality from the biggest hedge fund manager in the world explains precisely why the status-quo coopted media continues to retrench itself in lies and propaganda: in attempting to avoid panic and the realization that the entire system is now hollow, the lies will literally continue until morale improves. Only this time it won't, because the people (at least those that wish to be), can and will be far more educated than ever before in history. And the fear that reality (and associated discontent) will spread like wildfire, is why the status quo continues to retrench day after day, terrified of what happens if it loses control over that last bastion of "stability" - the stock market, which explains the relentless drive against logic and reason, ever higher, to mask the complete collapse of reality's facade just behind the surface.
Unfortunately this inability to deal with the interplay of Dalio's three core forces: deleveraging - social frustrations - and a policy cul-de-sac, is precisely why we are and have been so pessimistic on the final resolution to the prevalent problems occupying modern society.
We wish we could share Dalio's optimism...
If we calm down and work together to properly manage this difficult situation – for example, if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens – we can get through this deleveraging without great pain. If we can’t, we may experience an economic, social and political collapse.
...but unfortunately we can't. Only when it is far too late will the status quo finally deem it worthwhile to engage with the "99%" on an equal and equitable footing. By then, however, not even the Dow at 36,000 will give anyone any more illusions that things are even remotely "normal."
But then again, a violent end, and subsequent reset, is nothing new in history: every declining civilization has gone through the same terminal death rattle, only to result in a systematic rebirth. This time around it won't be any different.
From Ray Dalio, in the Financial Times:
Risk on the rise as political leaders give in to mob rule
We are in the midst of a deleveraging, we are nearly out of ammunition and we are at each other’s throats. Being in a deleveraging and nearly out of ammunition is a very difficult position to be in. But, being at each other’s throats is our biggest problem.
Our character and our political and social systems are now being tested in ways that have typically been tested in past deleveragings. In deleveragings bad economic conditions typically lead to emotional reactions, social and political fragmentation, poor decision-making and increased conflict. When this occurs in democracies, the checks and balance system, which is intended to yield the best decisions for the whole, can stand in the way of thoughtful leadership and lead to ineffective “mob” rule. This dynamic can lead to a self-reinforcing downward spiral.
Frustrations increase, the established ways of doing things come under attack and frustrations over the ineffectiveness of government creates the perceived need for someone to gain control of the mess. Plato spoke of this dynamic. It was the reason Hitler was elected in 1933.
In our opinion these types of risks are now emerging and should be taken into consideration when trying to figure out what may lie ahead. Rather than trying to resolve disagreements through thoughtful discourse, people are now trying to grab power to beat and suppress their opponents. Tensions between the rich and the poor, capitalists and socialists, those in and out of power and different factions in each group are now intensifying in a manner that is classic in deleveragings. Politicians who are fighting for power in a political year are fanning the flames and are increasingly willing to do risky things (like shutting down the government) in pursuit of their missions and popular support.
This growing populism will have important implications for monetary, fiscal and trade policies and will significantly increase risks of a markets downturn and a global depression.
Regarding monetary policy, the mob is at the gates of the Federal Reserve and wants to grab control while those on the inside are in disagreement about what should be done. Fed chairman Ben Bernanke and those who helped him save the country from depression are now under siege. These challenges are being faced in different forms by most central banks at the same time as they are nearly out of ammunition – i.e., their capacities to ease are very limited because they cannot stimulate private credit creation and because they cannot get money in the hands of people who will spend it. For these reasons there is greater risk that central banks cannot save us as they have always saved us in the past.
The battle between the left that wants to tax the rich more and the right that wants to cut entitlement spending is at a fierce stalemate that is likely to intensify in more scary ways. As a result, fiscal policy is unlikely to be supportive to economic growth.
With high unemployment and growing anger, the “mob” is blaming the foreigners who “took their jobs,” especially the Chinese who they say are “manipulating” their currency to “compete unfairly”. And since politicians want popular support, they are navigating this issue to gain political benefit (e.g., to put the US President in the position of having to choose between the political suicide of vetoing Senator Charles Schumer’s currency bill and clashing with China) rather than to approach this difficult issue calmly and analytically. Trade flows and capital flows are increasingly being looked at by all sides as possible weapons in an economic war. As a result, the risks of bad surprises in trade and capital flows are heightened.
Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged. Since banks are levered about 15 to 1, it doesn’t take much of a debt problem to cause them solvency problems, and since in deleveragings debt problems are big, there is significant risk banks will run out of equity again and the fury against them will intensify. For these reasons risks to the global banking system are much greater than normal.
While we hope that most people and their leaders will approach these difficult challenges calmly and collectively, we would not be meeting our fiduciary responsibilities if we bet on this happening without clear evidence of it. We are not alone in having and expressing our concerns in what has come to be known as “risk-on” and “risk-off” market movements.
If we calm down and work together to properly manage this difficult situation – for example, if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens – we can get through this deleveraging without great pain. If we can’t, we may experience an economic, social and political collapse.
Ray Dalio is founder of Bridgewater Associates
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If you read closely, this guy is clearly an elitist:
When this occurs in democracies, the checks and balance system, which is intended to yield the best decisions for the whole, can stand in the way of thoughtful leadership and lead to ineffective “mob” rule.
This growing populism will have important implications for monetary, fiscal and trade policies and will significantly increase risks of a markets downturn and a global depression.
the mob is at the gates of the Federal Reserve and wants to grab control while those on the inside are in disagreement about what should be done.
Fed chairman Ben Bernanke and those who helped him save the country from depression are now under siege.
Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians [beholden to the mob--my reading] are fanning the flames rather than reminding people that the legal system is the way these people should be judged.
This guy is a fount of wisdom? Sounds like an Orange County Republican to me--clearly OWS is the problem. Harumph!
Why can't we just learn to trust our betters?
haha. ya know what's funny about that?
people alllll around the world want to bring the current system down. it's all corrupt, deluded, malignant, unfair, unjust, dishonest, exploiting, iniquitous, nefarious, unfaithful, venal, unprincipled and blah blah
if the system should crumble down would something better come of it's place? or would it just be another corrupt, deluded, malignant, unfair, unjust, dishonest, exploiting, iniquitous, nefarious, unfaithful, venal, unprincipled and blah blah replacing it?
does someone out there have a better plan? if not...it's always gona' be the same shit in a different toilet
....maybe we should just get used to it, because it ain't never gona' change.
"Why can't we just learn to trust our betters?"
Why can't we just learn to trust our gut?
A few revisions to the below paragraph emphasizes the predicament...
"Regarding monetary policy, the mob is at the gates of the Federal Reserve and wants to grab control (want to abolish it) while those on the inside are in disagreement about what should be done. Fed chairman Ben Bernanke and those who helped him save the country from depression (cause the crisis and ruin the economy) are now under siege... their capacities to ease are very limited because they cannot stimulate private credit creation and because they cannot get money in the hands of people who will spend it (nobody wants a fucking loan). For these reasons there is greater risk that central banks cannot save us as they have always saved us in the past (will do everything they can to save themselves, as they have always done so in the past)."
Let us talk some more, Ray. I enjoyed that.
targeting and triple flip expectation
mind game manipulation eco denudomics,
explained. = fed policy. global leadership.
.
Sunday, October 23, 2011
jim rickards, king world news http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/23_...
Here is a link to show a bit of "real" data on why change is needed. The path of spend, austerity or collapse are likely not determining. http://www.ted.com/talks/richard_wilkinson.html
Perhaps we can create a CDS on the difference in income between the bottom and top 20% of income earners as a health tax on the banks.
...if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens...
...oops, we turned up the water temp too fast and the frogs in the pot can feel the increase. If we can bring it to a boil a bit more slowly we can keep the scam running longer...
ANYTHING ABOVE AND BEYOND BASIC MINIMAL EFFORT THAT I PUT OUT BELONGS TO ME, OR I JUST WONT PUT OUT THE EFFORT.
GOING GALT IS THE ULTIMATE PROTEST OF THE OPPRESSED.
Check your capslock key, i think its stuck.
Good point. Austerity is for fools. The debts that are bringing this country to its knees are due to miltary adventurism and crony capitalist bankster theft. They are odious debt (see Wikipedia) and not the responsibility of the populus who had no say in their creation. In lieu of Bankers going to prison and clawing back their ill-gotten swag, we the unwashed masses are supposed to eat cake.
Also rather ironic to think of billionaires "sharing" austerity...
Hitler, Hitler, Hitler. The constant analogies are as unimaginative as they are fatuous.
YEAH.
HOW ABOUT GHENGIS KHAN?
OR IVAN THE TERRIBLE?
COME ON FELLAS! HITLER IS PASSE.
Tell that to John Galliano. He's a fashion designer. He know what's passe and what isnt.
Tell Galliano, Salvador Dali called and he wants his mustache back.
In the kingdom of the blind the one eyed man is king
you have 1,000's of them. The entire administration. Soros Rockafeller the entire pyramid scheme.
1,000 points of light. NWO.
There is no United States of America. Only NWO.
"A crowd is always ready to revolt against a feeble, and to bow down servilely before a strong authority. Should the strength of an authority be intermittent, the crowd, always obedient to its extreme sentiments, passes alternately from anarchy to servitude, and from servitude to anarchy.
However, to believe in the predominance among crowds of revolutionary instincts would be to entirely misconstrue their psychology. It is merely their tendency to violence that deceives us on this point. Their rebellious and destructive outbursts are always very transitory. Crowds are too much governed by unconscious considerations, and too much subject in consequence to secular hereditary influences not to be extremely conservative. Abandoned to themselves, they soon weary of disorder, and instinctively turn to servitude."
--Gustave Le Bon, 'The Crowd: A Study of the Popular Mind'
Dudes, I found the long lost footage..
http://www.youtube.com/watch?v=eS2rJP-udUs&feature=related
Robert Prechter, of Elliott Wave fame, accurately predicted what is happening now, and what is described in the article, several years ago. In 2003 he made a list of predictions, many of which have come true already, and most others are in the process. He missed on a couple, but moreso on the timing than the outcome. This article basically reiterates exactly what Prechter predicted, but makes the mistake of attributing the collective social mood to a reaction to events, rather than the collective social mood being the cause of events. The collective social mood will continue to decline, discord and friction among and within groups will increase (making the chances of the Occupy movement becoming a united front less than optimal), civil unrest will ultimately become violent and chaotic, and the collapse of the Eurozone is guaranteed by this. For an understanding of why we are seeing what we're seeing, I highly recommend reading some of Prechter's books on socionomics.
Evening, Dawg.
Well said.
May peace be upon you, my brother.
Evening, Knuks. Same to you, my friend. Stay loose and keep your head down.
Well I highly recommend getting out and talking to people to learn about socioeconomics (real time shit)
I get out and talk to people every day, but thanks for the suggestion. Also, if you follow my suggestion, you'll learn the difference between socionomics and socioeconomics.
Tee heh
America, Fuck Yeah! : http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/884464...
He doesn't sound any different than any other Keynesian. He says that politicians should be reminding people that the justice system is how one should deal with the corruption. But we can see that there are two justice systems. One for us and one for them.
I love how he suggests the Bernank saved us from depression. This guy is as out of touch as the rest of them.
What`s with the $125 b man all of a sudden inserting himself into the popular discussion, some options;
1. diagnosed with a terminal disease and associated need to speak the truth in the (vain) hope that it will buy favor
2. recipient of correspondence that includes the name of someone whose last names ends with the letters `ff`
3. a communication from on high and associated promise from the WH
4. a love affair with the person in the mirror
5. accomplished everything in life so time to move to the next level; philosopher king. historian. renaissance man and general all around ...
Our 'Hilter' will probably emerge from the leaderless OWS crowds. Someone, like Hilter, who can be everything to everyone but secretly moving forward with his own Fasicst agenda. That individual will initially be supported by the Democrats and the union bosses thinking they can control him or bend him to their own ends -- something Hindenburg and the Social Democrats in Germany tried to do.
Our 'Hilter' will point the finger of fault at the bankers (Jews) who have brought about this financial mess, just as Germany's Hitler pointed to the Jews for the failure of WWI.
He is there, now, somewhere in the crowd waiting for his opportunity. He is currently baiting the police, doing anything to incite violence on their part. Violence is what he wants and craves -- just as Germany's Brownshirts did.
He may even be in jail now, serving a short sentence for disturbing the peace, and writing his book -- as Hilter did during the term of his imprisonment. Hilter's book was titled MEIN KAMP/my struggle. What will be the title of our 'Hilter's book? Coming soon to a bookstop or website near you.
Put on `your` blue suede shoes
and read this
http://www.theatlantic.com/national/archive/2011/10/mission-creep-this-t...
"Our 'Hilter' will probably emerge from the leaderless OWS crowds."
A little OT but,
This is what really bothers me about OWS, they are not leaderless(somebody deposits the checks). It seems to me that the leaders and true organizers are in hiding; maybe so we won't realize what their true intentions are.
I agree with some of what they are saying, but not much.
Something just feels creepy about the whole thing.
like the palen, perry, bachman scramble to be pretty face elect as tea party poster child, feigned leadership will likely also emerge to the OWS. as always "follow the money" applies and that aint so hard to do anymore with so many intelligent and connected people disillusioned and disgusted with Dalio's "Machine".
i am more concerned with the after affects of another theatric lehman crisis or worse inflicted by our politicians than i am subversive OWS guidance to socialism. people on both the far right and far left are pissed at the status quo's inaction toward the crime and deception inflicted on our Republic, its citizens and domestic as well as global economic health. when will justice be served? when OWS and tea partiers join on the common ground of salvaging the middle class before it disappears into history.
I am he ! Look, I've written my Mein Kampf, my struggle with the Middle ages!
http://www.falakpema.com/buythebook.html
ZE FINAL SOLUTION ! TO ALL OUR PROBLEMS ...LIFE'S SO BORING IF YOU HAVEN'T READ IT...as that other guy would say.
btw : I am not on pot nor on the potty, nor Harry the potter from Hogwarts prison.
'Since banks are levered at about 15/1'....ya might want to re-think that ratio for analytical purposes.
I insist that we are repeating the excesses and poor judgment of the pre - WW II years. Any action resulting in currency collapse can give rise to a dictator. In any case, the organisation leading to such dictatoeial power is every bit as destructive as any central figure.
http://georgesblogforum.wordpress.com/2011/10/06/crash-course/
More like WWI - the end of the old way and the beginning of the modern, a war for no reason, just because we have armies.
When all else fails, scare people with Hitler. Oogy, boogy, that big bad German who hated jew bankers. How dare he.
WTF
do thhey use Hitler as the scarecrow ?
Mobs are at the doors of bankers and others in the financial system,
screaming to politicians to put these people in jail while the
vote-seeking politicians are fanning the flames rather than reminding
people that the legal system is the way these people should be judged - Ray Dalio
Ray, hate to break it to you, but the rule of law no longer exists.
Prosecuting government officials risks a “cycle” of criminalizing public
service, [Sunstein] argued, and Democrats should avoid replicating
retributive efforts like the impeachment of President Clinton — or even
the “slight appearance” of it. - Cas Sunstein
http://jonathanturley.org/2008/07/21/obama-adviser-cass-sunstein-rejects...
Fact remains that this policy of "judicial exclusion' is now the de facto law of the land not only for government officials, but the leaders of "essential" "private" enterprise, their key employees and others making the rule of law lawless.
Combine this with such nefarious underpinning to free and transparent markets as this gem
President George W.
Bush has bestowed on his intelligence czar, John Negroponte, broad
authority, in the name of national security, to excuse publicly traded
companies from their usual accounting and securities-disclosure
obligations. Notice of the development came in a brief entry in the
Federal Register, dated May 5, 2006, that was opaque to the untrained
eye.
http://www.businessweek.com/bwdaily/dnflash/may2006/nf20060523_2210.htm?...
Ray, if you wish folks to have confidence in social institutions and the rule of law then these institutions must first be reestablished, with vigor, across all aspects and participants of society, or your just pissing into a tornado and wasting some quality O2. Once society has the privilege of enjoyment of the rule of law that is not the mob rule as it now exists then there will be some hope that intelligent conversation can take place. Please, remove your head from the sand to see that what you warn of is what is happening in actuality in broad society. This is a key aspect of why broad society is so upset at present.
WAKE UP RAY!!
When Hitler returns ... no more Mr. Nice Guy.
Bullshit. "Being at each other's throats" my ass.
The fact is that all these paper-pushing fucknuts committed fucking fraud and continue to get away with it to this day. Until that is addressed, nothing changes.
When white collar crimanals KNOW they are caught one of the first things they say is "why can't we all just get along", if you don't go along or they can't buy you off, they label you a terrorist. Crash the fucking system so that compensation will return to people who are actually worth a shit. If your labor is worth anything of real value, then you have NOTHING to fear.
We got our fascist system a long time ago, so this warning is kind of lame. Also, the comparison to Hitler is not really fair to Hitler....we are Mussolini at best. A few good highway projects, rapid transit, and pathetic wars in against weak pushovers.
Not even close with respect to the Obama is Mussolini analogy. Mussolini made the trains run on time and wiped out the Mafia. He was an effective leader domestically, but had a penchant for expansionary foreign adventures. And that is what sunk him, and the German's in the end. If not for Mussolini's Greek (mis) adventure in the spring of '41, Operation Barbarosa would have been launched 6 weeks earlier, and history as we know it would be a whole lot different. We would be in the 73rd year of a unified debt/transfer union and a united Europe with a single currency, i.e. the Reichsmark:)
webbot cannot accumalate any data past 2013.
8 ball says, future is cloudy, please ask again.
Speaking of Hitler... Isn't it about time to make another Joollywood movie about him and how thankful we should all be that he was defeated? Thanks to good ol' apple pie America we are free baby! Time to rally the "patriots" and sing kumbaya.
exactly.. hundreds of dictators, but focus on killin jews and you end up in more movies than Kevin Bacon
You could always make a movie about Jesus.
I heard that's great for your Hollywood career.
charlie rose is dead to me. he's gone full corporate fucktard.
repeat
All the legislation is in place so it can be done legally, from the Patriot Act to Health Care. Not to mention with the latest land grab they will have food as well. Valerie Jarret has stated that she admires Mao and that laws should be enforded through the barrel of a gun. And then there's Obama's science advisor, Holdrum, another piece of work. It's coming.
Dalio is a #uckin genius. I only wish that I was 20 years younger and had a chance to work for this guy. He's an absolute genius. When you watch the video with Rose, he speaks in simple sentences... and if you didn't know who was talking, you might at first say, "who is this idiot?"... but man, the wisdom in the simplicity of his sentences and the results that he has achieved over the last 25 years make him unto a league of his own.
Thanks western.You make a often overlooked(deliberately obfuscated)distiction.Those who disagree,please refer to "The Thirteenth tribe" by Arthur Koestler.
It's a different time, and a different mentality, and things will develop along new dynamics, and also varied and adjusted via technology and a more sophisticated form of police state, but the end result will be the same, just lots more of it.
As I pointed out a couple of weeks ago the banks and the politics have not even actually failed (proper) yet ... we are still at the end of the beginning ... people are jumping way too far ahead.
In Germany there was about 15 years of extreme poverty, famine, financial collapse/economic malaise, and extreme political radicalisation BEFORE Hitler even came to political power! ... and it took 17 years from the writing of Mein Kampf in 1923 to the start of WW2 proper which didn't really get rolling until the northern spring of 1940. For some strange reason people today fail to understand that this process took about 20 years.
Have another look in five to ten years or so Ray, and don't expect the same or similar stark persona's, or sudden political progressions, it was more like watching a rising tide.
The tide's inevitability to reach the peak takes time. The tide rises because the forces that caused it to fluctuate and create stong currents are ALREADY in play and the water can not be stopped from finding its new equilibrium. The water plays catch up to the gravitational forces, it is never in sync with them - it lags.
The forces are already in play now, and the damage has already been done, now we wait for the inevitability of a new equilibrium - for the lag to be caught-up. It's not wise to presume it won't be absolutely radical in its expression either, or the use of force to restabilize, as that's what tends to happen. I would say we're still in a state of development where no one has yet written a Mein Kampf like manifesto or party for people to nod at and rally around.
We have a LONG way to go.
It's farcical to even think that a few speeches and some bland MSM BS docos about several failed bailouts of banksters, and a few policy tweaks and elections and a kulture of denial and optimism is going to stop this tide from gradually coming in. Police and Security-state's "protection" obsession idiocy can not stop the tide. At the moment the banksters and poliTICKs are still trying to buy control and direction of the popular dissent and anger, and they aint doing too well because people have been getting a brutalist first-hand education into how this shit/scam really works. And they are over the gatekeepers.
Lastly, Ray, a once proud very powerful global empire of Germany was destroyed and ground into full collapse and indignity, and the bitterness and sense of utter betrayal by banksters and their pet politicians was like has not been seen in another modern capable global power.
Well, ... until now anyway ...
The USSA has not been completely defeated and ruined, yet, but it's happening. That sort of irrepressible national rage has a lot to do with this ... the sense of total betrayal ... just look at OWS sentiments. The tide is coming in.
You and I will be much older as it finally reaches a peak.
Explain to me how we're NOT THERE ALREADY ?!?!?!
The f***ing TSA stops people carrying silver coins, and DEMANDS TO KNOW where they got them from ,what their value is, what their political beliefs are. Here in my state of TN, the f***ing TSA can RANDOMLY stop law abiding citizens and search them !!
Are your papers in order? Vee have vways of making you talk mein comrade !
at least Hitler was elected - what will come of these current dog and pony shows?
Everybody loves to hate Hitler... Haha... Does it make you all feel better that there's one thing left that you still believe in? There's one thing that the bankers and MSM didn't lie about? That "good" war? Hahahaha.... Keep dreaming... pussies.
We already have our new hitler and it's the Bernanke/Trichet/Geithners of the world that engage policies designed to benefit few at the social class genocide of so many.
I disagree with Dalio in that the system needs to crash and be reborn because the people in power are incapable and the perversion of crony capitalism is far too deep. End the fed, central banking, current monetary/fiscal system and then remove those currently in power-- only then can we have a civilized fruitful conversation about getting our economy on track where prosperity can be shared by those seeking it and not held by those who have gamed the system-- opportunity will then become available to those who earn it when the imbalances (not just in creditor/debtor instances) as represented by those who have influence on policy, monopolies, etc. no longer distort the economy by their own selfsh needs rather than the greater good.
google: "What's up" - 4 non blonds [lyrics on screen] for a good revolution
no links avail :-(
ps. last week we got faber telling us to get off our fat lazy asses, now chinese calling us lazy, and this dickhead dalio telling us hitler's a comin,... and on a rothschild rag the "'ft's" -
the bookeeper's for the nwo cb vatican , with nato's blue helmets policing the world,... "what's going on?"
Robespierre
Robespierre is actually closer to the mark. The problem with the Obama is Hitler analogy is that Hitler actually brought Germany out of the Great Hyper Inflation/Depression by 1935 (according to AJP Taylor, and I think he is spot on), while the US didn't come out until 1941 and full war mobilization. As to the Community Organizer in Chief, the parallel is Lenin/Mao, who plunged their respective countries into revolution, and they figured out that they need to liquidate millions, just cause they couldn't feed em.
"..and they figured out they need to liquidate millions, just cause they couldn't feed em."
I find that comment to be particularly dark.
Can this situaton lead to another Hitler?
It already has!
Dalio was only 1 year behind Glenn Beck with his prognostication. I wonder why Charley Rose did not bring ths up, 'cause Charlie knows everything right..?
End the missery after Obama is out of the White House. He is a horrible example of what we need to lead this country out of this calamity. Class warfare and commuinst view are not the answer, we need a President, we have lacked one for the 3 most important years in our financial history.
Charlie Rose is a C s***ing liberal Democrat but Ray Dalio really knows his stuff. What about Hitler as a illegal alien mullato?
The "illegal alien mullato" and his merry band of basement dwelling revolutionary's gots their best ideas from the Feuher. Obamacare is nothing but the Bismarkian/Hitlarian health care model - down to the death panels, but without the uniforms. But then again so is Socialist Europe. Funny that.
I'm itching for everything to go south. I'm locked and loaded, baby. There's a neighboring town I hate - I want to go over there when the anarchy arrives and kill as many of those bastards as I can. Sure I'll get mine but if I kill 50 or 100 of them first it'll be worth it.
Fortunately the OWS types are into some funky "concensus model" thing where they all sit around like drones and parrot each others nonsense about how they don't want to pay back their student loans. Maybe the dimwits should have made better use of their time in college. In any case they don't look oragnized enough to do their own laundry let alone mount a serious opposition movement. Maybe that will change, but right now I suspect they would be adequately placated by a few kilos of free weed and an outdoor concert.
"Fed chairman Ben Bernanke and those who helped him save the country from depression are now under siege."
What absolute horseshit. Fed Chairman Ben Bernanke and the people who helped him are now under siege because THEY FUCKING CAUSED THE DEPRESSION. They didn't save anything but the record bonuses of their criminal friends.
RON PAUL = HITLER
http://captionsearch.com/pix/thumb/2sgaw5ez6y-t.jpg
Found one comment debunking the old canard of Hitler being elected. One person who might have one's of cheap propaganda. Maybe showing limits to acceptance of US citizenism.
So I quote:
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I have no problem with Holocaust revision but Hitler wasn't a nice guy. He was a dictator. He was never elected and failed to win the popular vote with a whopping 30%. He led a coup d'etat and took power for himself and before he did he used his puppet Hidenburg to enact this little decree after he had the Reichstag burned down days before the parliamentary elections.
§ 1. Articles 114, 115, 117, 118, 123, 124 and 153 of the Constitution of the German Reich are suspended until further notice. It is therefore permissible to restrict the rights of personal freedom [habeas corpus], freedom of opinion, including the freedom of the press, the freedom to organize and assemble, the privacy of postal, telegraphic and telephonic communications. Warrants for House searches, orders for confiscations as well as restrictions on property, are also permissible beyond the legal limits otherwise prescribed.
Hitler was a demagogue and a tyrant. How do you admire such a manipulative piece of shit? Tyrants deserve no respect and neither do oligarchs. Both are illegitimate. Have some sense instead of falling for 1930s propaganda.
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Funny how US citizens love their US cheap propaganda. Hitler elected? Well, Southern States fighting for states rights during the Civil War. Works too.
Hitler was elected. This is an historical fact. What is your quotation supposed to establish, other the appalling ignorance of the person being quoted (and the one doing the quoting, mind you)?
15 years of desperation and endless lies and BS from a Joo-controlled and funded political TPTB and institutions in Germany, plus external financial and economic oppression/attack, combined with an actual French military attack and occupation is what lead to the election of Hitler.
The people ELECTED him freely and willingly once they saw that all the usual BS and supposed "public debate". had failed to stem the national bleeding, and they saw him as a way to end it once and for all - for absolute certain things would change with Hitler.
And the actual truth, that the Joos desperately want us to ignore, is that economically and socially, THE HITLER OPTION WORKED ... it only came apart when the Joo controlled Western Anglophile countries decided peace with Hitler's Germany was too dangerous ... he was telling the truth about what had been done to Germany, and actually doing something about it. Germany almost immediately had gotten back on its feet.
We can't have that! ... Goy slaves freeing themselves and their country from Joo Banksters! ... Egad! ... what next! ... this is an act of WAR!
Whereas Hitler saw himself as the great liberator of the Germanic people, and circumstances had propelled him to the top.
The election of Hitler was an act of political desperation by a massively enraged desperate people, determined to change a status quo, and get some payback, to change a corrupt, foul and evil German and global power system nexus, that did not want to change at all.
Ignore the lesson and frustrate resolution and reset, particularly of a totally failed system of law(z) and order(z), and we will certainly get a global pogrom and World War.
If that results, I suggest the only valid and effective target to hit is the bankster clique.
Not something else. Not some building, not some 'rogue' Govt, not some half-arsed military snots, not some nebulous 'terrorists', not some mere political entities, not some silly 'organisation', not some radicalized country.
No! Go for T H E M alone, it's the only thing that will resolve this and allow it to heel itself. Under no circumstances must the banksterz be permitted to survive this. No excuses, no saying, "well, even if we eliminated them all, another lot would just come back to do it again.", etc.
No! Fuck that! That's like saying, "I won't mow the lawn any more because it will just grow back again, and I'll have to do it all over again."
That attitude is pure idiot loser! Mow the fucking lawn! ... keep mowing it ... every week ... that's how you manage this crap. If you don't want to mow it all the time then just fucking pave it or make it woodchips. But you don't just let it roll-on out of control.
It's called managing the public interest ... it's what Govts were SUPPOSED to do ... but have NEVER done, beyond lip-service and bullshit and schemes from suave manicured pure kleptocrats with great teeth and suits.
Hitler mowed the grass ... the grass grew back, because our Govts are actually T H E M ... 100% bought and paid for ... paid to NEVER mow the grass ... and to ensure that no one else mows it either.
That is what we have come to.
We know they will just try to come back to injure and impair humanity, in order to enrich themselves, and make war on us again, in the name of 'Peace' and cute yellow puppy-dogs with smiles and meet and greet handshakes.
Heck, they might even go so far as to give out a pre-emptive totally unmerited bullshit peace prizes to some arsehole who bombs multiple counties into rubble, simultaneously.
Well, if that's the game, give me back Hitler please, because at least that butchering cunt was upfront and honest about it.
Vote #1 ... BARRWY for da White Hut!
Barry's bumper sticker in 2012 reads: "The Hitler you're having when you aren't having a Hitler"
http://www.urbandictionary.com/define.php?term=Clayton%27s
As in pre-Hitler's Germany and within US poliTICKs and the EU Commission, an election is -
The 'choice' you're having when you're not given a choice.
This time it'll be pavement.
That's actually top-caliber writing.
ZH / Tyler for higher officer?
Dalio is a moron, he is not a "must read" he is a 'must ignore the white noise'
Dalio wants taxpayers to cough up another 3% tax but just hasn't reckoned every penny and every cent paid into the wealth destruction machine of Govt is the problem. He undeerstands nothing about the machine
He sees social anger as "the big problem that must be dealt with" but it is an effect of the cause ...the problem is the thieving machine that is Govt (which he wants us to contribute more to!). He cannot deal with the social anger in itself, he has completely the wrong end of the stick to solve the problem
He says we must all sit down and sort it out "intelligently". Good intelligent people like Schiff, Faber, Rogers et al not to mention Ron Paul, the Tea Party and now Occupy have been telling the Govt and its crook corporates for a decade they're robbing society into poverty. Have they listened Mr Dalio? Nope, the robbing thieving scum continues unabated.
How do you sit down and debate with someone who does not listen Mr Dalio?
How do you negotiate with pathalogical liars and anarchists Mr Dalio?
When are YOU going to wake up and stop dreaming Mr Dalio?
This is an out-of-control cancer (Govt and its thieving crooks) up against a moving object (a robbed led-to-ruin society). The Govt will not stop its robbing and nobody should contribute "more" to it you arsehole. They should do the exact opposite, Pay Zero Taxes
Zero Tax = Zero Govt = Zero Problems
Hitler was a product of different era. He was WWI hardened veteran, even exposed to mustard gas attack. So killing people and seeing other people getting killed was second nature to these men, to the "founding fathers" of Nazi party. I'd bet you would find now similar soldiers in US Army too, doing their 3rd or 4th round in Iraq or Afghanistan. After killing the first 50, what is the difference of "wasting" another poor bastard anymore....these German soldiers killed maybe thousands (if one was a flank machine gunner in the trench).
Industrialization was at full swing and eugenics, "applied science or the bio-social movement which advocates the use of practices aimed at improving the genetic composition of a population" was very popular both in Europe and USA. The idea was basically that "if we can make these standardized shiny new products on assembly lines why not apply the standardization to humans too. Get rid off all kinds of misfits, mentally sick and other non-standard humans". Brave new world was waiting. These eugenics methods btw was used even after WWII, in Sweden they castrated mentally ill well into 1960's.
Hitler just included Jews to the list and his henchmen applied modern industrial methods in their mass killing. Concentration camp is actually not that different from a modern meat factory, cows come in, different pieces of meat comes out and it is all quite standardized. In concentration camps it was gold and other valuable items coming out. The network all over Europe consisted about 2000 camps total so it was very efficient method of gathering Jews and others.
The Concentration camps where work camps meant to help Germany win the war, they where not designed for killing people(gas chamber myth), sure many people died there but very few where actually killed by the guards, there are Nazi documents in Russia with exact numbers of dead in each camp, and they range from a few hundred to a 10's of thousands never millions, each death was recorded and documented that's how seriously Germans take their bureaucracy(for better or for worse)
Any1 who hangs the jews and neggers by the balls I will support be it a 2nd Hitler(always vote for the lesser evil right?)
every nutcase defines his own 'jew' and 'nigger' category according to his own warped value system, then wants to hang them by their cojones. So watch out you don't end up in that configuration by being hoisted on your own petard.
Oh, woe to us should someone come along to wrest power from the ochlocratic mob and their corrupt oligarchs!
As to eugenics, it is the other side of the coin to the unnatural humanitarianism of 'civilisation'. I'll leave it at that.
Hmmm... so we're to believe (reading between the lines) that Mr Dalio, and his ilk, are cowering (with the French maids, of course) under their 4-poster beds in Greenwich CT at the thought of a latter-day Fuhrer goose-stepping down 5th Ave - no doubt with an Oompah Band blasting out the Greatest Hits of the Third Reich! LOL!!!!
Methinks Mr Dalio doth protest too much - there must be another bailout on the way for Ray & his buddies (and anyone opposing it must be a clandestine member of the Waffen SS) .... after all 125bill aint what it used to be ;)
Nice try Ray - psssst... got any bridges to sell? LOL!!!
The USA hitler will come when needed, in 2016. So far, stay calm, Obama will take the second term during recession with MEGA stimulus offers:
Reduction ad absurdum, default-> USA hitler (not Obama!).
http://saposjoint.net/Forum/viewtopic.php?f=14&t=1292&start=60#p34756
Somwhere out there, there is a D-ring welded to the floor of a rail car with all of our names on it. See ya there.
Lawless Incorporation is the new fascist aggressor.
Ray Dalio is fucking blind, or an idiot. The enemy is government incorporated, just like the TSA, a black abyss of unaccountability dripping with contract labor definitions of force running a world without individual worth.
Shoot to kill, your freedoms are already long gone.
i have to re-read that chapter in niall ferguson's book The War of the World, that chapter about how bond markets didn't see world war I coming...
BUT
as long as we make it to Burning Man 2012, i believe everything will be cool.
funy how everyone who has gained wealth, status, power, with a status quo that rewards the 1% seems to think if we don't preserve it all all costs the world will end.